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ERCOT North Traders Sing Different Tune

December 01, 2020

One year ago in mid-November, traders in ERCOT North Real Time Peak Daily Fixed Price futures and options were 97% long in their overall positions held.  This class of trader was 18,492,800 MWh long according to the CFTC. This year, they are 67% net long (12,155,200 MWh). Futures prices tend to positively correlate with the position of non-commercial traders such as individual investors, hedge funds, and large financial institutions.

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ERCOT North Real-Time Peak Daily Fixed Price Futures and Options